Biometrics markets in India and Middle East: analyst reports
Research analyst groups TechNavio and TechSci have separately published reports on the Middle East and India biometric markets, respectively.
TechNavio’s report is titled “Biometric Market In Middle East 2015-2019“, which covers the present scenario and the growth prospects of the biometrics market in the Middle East for the period 2015-2019.
The analysts state that the market is highly fragmented with a large number of small and large vendors, which are detailed in the report.
The report also identifies the major drivers that impact the growth, the many risks faced by vendors and the market at large, and the key trends that are emerging in the market.
One ofthe main findings of the report is that the biometrics market in the Middle East is expected to grow at a CAGR of 19.35% over the period 2014-2019.
The report provides a detailed analysis of biometric technologies being used in the Middle East market, including fingerprint identification, DNA analysis, iris recognition, facial recognition, and voice recognition.
As far as specific countries, the report provides a detailed analysis of Saudi Arabia, Turkey, UAE, Egypt, Syria, Iraq, Israel, Iran, Yemen, Jordan, Palestine, Lebanon, Oman, Kuwait, Qatar, Bahrain, and Cyprus
TechSci’s report, “India Biometrics Market Forecast and Opportunities, 2020”, explores the growth in the Indian biometrics market which forecasts a CAGR of over 35% through 2020.
The report states that the anticipated growth is the result of the government’s and BSFI sector’s increasing use of various biometric products, including applications in corporate houses, schools and industries for time and attendance monitoring, as well as in the IT sector.
Currently, the largest player in India biometrics market is HID, followed by SecuGen, NEC, eSSL, 3M, and Honeywell. The majority of the larger companies operate in India by importing biometric products and delivering them through their distributors in the country.
The report analyzes the diverse set of technologies used throughout the market. The most prominent technology is fingerprint recognition, which is followed by eye retinas, facial patterns and voice patterns for authentication purposes.
Finally, the report highlights the use of biometric identification and authentication solutions in government projects such as issuance of e-passports and visas, and the Aadhaar system under UIDAI (Unique Identification Authority of India).